REG - Soc EnergElectricaSA - ELSA meets criteria for inclusion in FTSE Russell

Societatea Energetica Electrica SAAnnouncement

20/12/2023 13:15

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RNS Number : 5022X  Societatea Energetica Electrica SA  20 December 2023

Announcement

Electrica announces compliance with criteria for inclusion in the
international FTSE Russell Indices

Electrica informs its shareholders and investors on the degree of fulfilment
of the criteria of the global index provider FTSE Russell, with a view to the
inclusion, for the first time, of Electrica (EL) shares in the FTSE Global
Equity Index Series (GEIS).

Based on the internal monitoring, in line with the FTSE Russell global
provider methodology, Electrica shares met the capitalisation criteria
throughout 2023 and, also, passed the liquidity test (median daily trading
volumes to exceed 0.05% of the number of free float shares) in 10 out of the
12 months in 2023.

Therefore, according to the methodology and thresholds published by FTSE
Russel, Electrica shares will be included in the Global All Cap Index and,
considering the capitalization thresholds of the FTSE Global Equity Index
Series (GEIS) published in November 2023, Electrica's shares will be included
in the FTSE Global Mid Cap Index (which requires a total capitalization of
more than USD 570 million).

An announcement from FTSE Russell officially confirming the inclusion of
Electrica shares in the mentioned indices is expected to come around 15
February 2024, and the actual inclusion will be made starting with the trading
session on 19 March 2024.

"Increasing the median liquidity of Electrica's shares and the inclusion in
the FTSE Russel indices is a further step in line with our objective to create
shareholder added value, through better liquidity distribution and minimizing
volatility, and this inclusion into the indices will contribute to a
significant increase in the visibility of Electrica's shares among
international institutional investors, as well as the development of the
Romanian capital market" said Alexandru-Aurelian Chirita, Electrica's CEO.

Thus, Electrica announces the fulfilment of the inclusion criteria in the FTSE
Russell international indices, as soon as possible, after only one year from
entry into force of two market-maker contracts for the issuer (IMM - Issuer
Market Maker), optimally calibrated, with BRK Financial Group S.A. and
Wood&Company Financial Services a.s. Prague.

In December 2023, Electrica shares had the best evolution in the entire year
2023 and beyond, managing to meet the FTSE Russell liquidity criteria, in the
first 10 out of 10 sessions, while recording the best monthly yield of almost
20% at the end of the session on 15 December 2023, which marks the best
aggregate yield since the beginning of the year (including dividend) of 44.1%,
even outperforming BET-TR (40.3%).

During the month of December 2023, Electrica's shares also exceeded two
psychological thresholds, 10 lei (nominal value) and 11 lei (listing price),
which is the maximum of the last 2 years. The last time Electrica's shares
closed at a price above 10 lei was on 23 February 2022 (10.04 lei), and the
most recent closing at over 11 lei was on 12 January 2022 (11.02 lei). At the
same time, in just 10 sessions in December, Electrica's shares recorded the
highest turnover in more than 3 years, of 4.4 million shares.

 

Contact details:

Electrica Investor Relations

E-mail: ir@electrica.ro (mailto:ir@electrica.ro)

Telefon: +40 731 796 111

 

CEO

Alexandru-Aurelian Chirita

 

 

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